Maryland Agreement to Survey and Fix Location of Known Common Boundary

• Category: Real Estate - Boundary Lines
• State: Multi-State
• Control #: US-1090BG
• Format: Word; Rich Text

Description

This agreement operates as an accord and satisfaction. Although the definition is variously stated from state to state, generally speaking, an "accord and satisfaction" is a method of discharging a contract or a claim or cause of action whereby the parties agree to give and accept something other than that which is due in satisfaction of the existing claim. For an accord and satisfaction, the "accord" is the agreement between the parties, and the "satisfaction" is its execution or performance. An accord and satisfaction results when: (i) the parties mutually intend to effect a settlement of an existing dispute by entering into a superseding agreement, and (ii) there is actual performance in accordance with the new agreement. Accord and satisfaction requires both components4 as without an agreement to discharge the obligation, there can be no accord, and without an accord, there can be no satisfaction.

The Maryland Agreement to Survey and Fix Location of Known Common Boundary is a legal document used to establish the precise location of a shared boundary between two neighboring properties. This agreement is designed to resolve any disputes or uncertainties regarding the boundary line and ensure that both parties have a clear understanding of the property boundaries. Key Features of the Maryland Agreement to Survey and Fix Location of Known Common Boundary: 1. Purpose: This agreement is primarily aimed at defining and fixing the location of a known common boundary between adjoining properties in the state of Maryland. It serves to avoid any future misunderstandings or conflicts between the neighbors. 2. Boundary Survey: The agreement necessitates conducting a professional boundary survey by a licensed surveyor to determine the exact location of the common boundary line. The survey should be carried out in compliance with the legal standards and requirements of Maryland. 3. Boundary Markers: The agreement typically requires the installation of physical boundary markers, such as fences or boundary stones, to clearly indicate the fixed location of the common boundary. These markers should remain in place at all times to avoid any further disputes. 4. Agreement Consent: Both property owners involved in the agreement must provide their voluntary consent to the survey and the establishment of the common boundary line. They should sign the agreement to demonstrate their understanding and acceptance of the designated boundary. 5. Legal Status: Once the agreement is signed and executed, it becomes legally binding for both parties. It serves as an official record of the common boundary location and can be referenced in any future property transactions or disputes. Types of Maryland Agreements to Survey and Fix Location of Known Common Boundary: 1. Residential Boundary Agreement: This type of agreement is specific to residential properties and is commonly used between neighbors to resolve boundary-related issues in residential neighborhoods. 2. Commercial Boundary Agreement: A commercial boundary agreement is designed for adjacent commercial properties. It establishes the precise location of the common boundary line to avoid any conflicts or uncertainties in commercial property dealings. 3. Rural Boundary Agreement: This agreement is utilized in rural areas where larger tracts of land often share common boundaries. It helps define the boundary line between rural properties and prevent boundary disputes amongst landowners in rural communities. In conclusion, the Maryland Agreement to Survey and Fix Location of Known Common Boundary is a crucial legal document used to resolve boundary-related disputes and establish the accurate location of shared boundaries between properties. The agreement ensures a clear understanding and demarcation of property boundaries, contributing to a more harmonious and conflict-free relationship between neighboring property owners.